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DECZ vs TENJ

TrueShares Structured Outcome (December) ETF

DECZCCboe

iShares Large Cap 10% Target Buffer Jun ETF

TENJBCboe

Overlap

0.0%by weight

Expense ratio

TENJ −0.26pt a year

DECZ0.79%TENJ0.53%

Avg volume · 30D

TENJ 15.9×the volume

DECZ1.55KTENJ24.6K

DECZ vs TENJ Performance

Oct 31, 2025 – Oct 30, 2026

+7.9%DECZ+11.7%TENJ

Oct 31, 2025 to Oct 30, 2026. DECZ +7.9%. TENJ +11.7%. Use the arrow keys to read each point.−5%0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
DECZ 0.79%
TENJ 0.53%, better
Fund size
DECZ $37M
TENJ $47M
1Y total return
DECZ +7.9%
TENJ +11.7%, better
Yield (12M)
DECZ 3.04%
TENJ No data
Holdings
DECZ 17
TENJ 4
Avg volume (30D)
DECZ 1.55K sh
TENJ 24.6K sh, better
NAV per share
DECZ $44.10
TENJ $28.09
52W range

ETF.net Grade

DECZ: Cost 40, Risk 24, Mission not scored, Tradability 46, Holdings 100, Durability 43. TENJ: Cost 86, Risk 49, Mission not scored, Tradability 66, Holdings 51, Durability 41.
Pillar letters and Scores for DECZ, TENJ, with each pillar’s weight
PillarDECZTENJ
Cost30% weightC40A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightF24C49Higher
Tradability15% weightC46B66Higher
Holdings10% weightA100HigherC51
Durability5% weightC43HigherC41

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DECZ and TENJ are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds
See all 77 ›

TENJ ranks 3rd and DECZ 44th of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
  2. Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 67
  3. Rank 3BTENJiShares Large Cap 10% Target Buffer Jun ETFScore 66
  4. Rank 4BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 65
  5. Rank 42CFAUGFT Vest U.S. Equity Buffer ETF - AugustScore 47
  6. Rank 44CDECZTrueShares Structured Outcome (December) ETFScore 46
  7. Rank 44CFAPRFT Vest U.S. Equity Buffer ETF - AprilScore 46

Our read on each fund

ETF.net Research

DECZCTrueShares Structured Outcome (December) ETF

TENJBiShares Large Cap 10% Target Buffer Jun ETF

In short

DECZ Most buffer ETFs trade your upside for the cushion. DECZ skips the hard cap: it aims to absorb the first 8% to 12% of S&P 500 price-index losses each 12-month period, at 0.79% with no waiver.

TENJ No data

Stated mandate

DECZ The Fund seeks to track the S&P 500 Price Return Index before fees and expenses while cushioning the first 8% to 12% of index losses during each twelve-month period.

TENJ No data

Why people hold it

  • DECZ No stated ceiling on gains. TrueShares built this series around leaving the rally side open, with upside set by options pricing rather than a fixed cap.true-shares.comtrue-shares.com 2
  • The buffer is spelled out in the fund's own documents: the first 8% to 12% of index losses per 12-month period, with the manager targeting 10%.true-shares.com
  • The payoff is built from exchange-listed FLEX options inside a 1940 Act fund, not a bank-issued note, so no third-party credit sits behind it.sec.gov

TENJ No data

Worth knowing

  • DECZ Uncapped is not full participation. Option costs come out of the upside, and the reference is the S&P 500 price index, so index dividends sit outside the return.true-shares.com
  • Fee is 0.79% with no waiver, near the category median. Cheaper buffer builds exist, including AUGP and PQX at 0.50%.
  • Small and thinly traded, and the buffer is measured from each period's start, so a mid-period buy gets a different cushion than a day-one holder.sec.gov

TENJ No data

Full DECZ profile⁠

Full TENJ profile⁠

DECZ vs TENJ Holdings

How DECZ and TENJ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DECZ and 0.0% of TENJ.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile99.5%

Sector

No Sector split for TENJ.

Country, concentration and asset class

Country by domicile

Country weights in DECZ and TENJ, widest gap first
CountryMore in DECZMore in TENJ
United StatesDECZ +0.4 points
SwitzerlandTENJ +0.3 points
ChinaTENJ +0.1 points
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • DECZ99.8%
  • TENJ102.6%

Securities held

  • DECZ3
  • TENJ2

Asset class

DECZ
Equity
TENJ
Equity

Holdings

  • Only in DECZ3
  • In both0
  • Only in TENJ2

Only in DECZ

3 securities, 91.1% of DECZ by weight

  • Treasury Bill B 11/27/2690.97%
  • State Street Inst U.s. Government Mmkt Admn Class0.08%
  • Broker Sweep0.04%

Only in TENJ

2 securities, 100% of TENJ by weight

  • Ishares Core S&P Etf Trust97.64%
  • JUL27 Ivv Us P @ 748.894.03%

Weight gaps

DECZ and TENJ share no securities.

All 21 DECZ holdings⁠All TENJ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DECZ vs TENJ Cost

Overpaying DECZ vs TENJ

$4,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DECZ 0.79%

    $15,174

  • TENJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • DECZ 0.79%
  • TENJ 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DECZ $15,174TENJ $10,536

Year by year

YearDECZTENJOverpaying
10$1,405$953$452
20$5,331$3,658$1,673
30$15,174$10,536$4,638

Expense ratio

  • 0.79%DECZ
  • 0.53%TENJ, cheaper
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

TENJ 11th cheapest of 77 funds

DECZ 34th cheapest of 77 funds

DECZ vs TENJ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DECZ 3.04%
TENJ No data
Payout (12M)
DECZ $1.32
TENJ No data
Last payment
DECZ $1.32
TENJ $0.07
Ex-dividend
DECZ Dec 24, 2025
TENJ Dec 23, 2025
Paid on
DECZ Dec 26, 2025
TENJ Dec 29, 2025
Frequency
DECZ Annual
TENJ Irregular

Distribution history

Per share, 2021 to 2026, same scale for both

DECZAnnual · 5 paymentsAll DECZ payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.14; Dec 29, 2022 $0.39; Dec 27, 2023 $0.39; Dec 27, 2024 $0.94; Dec 24, 2025 $1.32. Use the arrow keys to read each point.$0$120232026YTD
TENJIrregular · 1 paymentAll TENJ payments⁠
One bar per payment. 1 payment from 2021 to 2026 YTD. Dec 23, 2025 $0.07. Use the arrow keys to read each point.$0$120232026YTD

DECZ vs TENJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DECZ 9.1%TENJ 8.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
DECZ 1.25TENJ 0.90since Nov 2025
Worst fallMax drawdown, 5 years
DECZ −16.6%TENJ −5.5%since Oct 2025
Market sensitivityBeta, 5 years
DECZ 0.71TENJ 0.63

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